The euro changed hands at $1.135 during the third week of January, down from a recent two-month peak of $1.148 and following a jump in yields over the past few days. Concerns over imminent policy tightening in the US resurfaced after several Federal Reserve officials signaled they were prepared to hike interest rates in March to combat inflation. At the same time, the European Central Bank is seen slower than other major central banks in tightening monetary policy, with markets pricing in a 10 basis-point rate hike from the European Central Bank in September and betting on a second rate hike by December.
Historically, the Euro Dollar Exchange Rate - EUR/USD reached an all time high of 1.87 in July of 1973.The euro was only introduced as a currency on the first of January of 1999. However, synthetic historical prices going back much further can be modeled if we consider a weighted average of the previous currencies. Euro Dollar Exchange Rate - EUR/USD - data, forecasts, historical chart - was last updated on January of 2022.
The Euro Dollar Exchange Rate - EUR/USD is expected to trade at 1.13 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.12 in 12 months time.